Operational Risk Analyst

£30000 - £35000 + Bonus + Benefits

London - City Area

They are a leading global insurance group who continue to enjoy great success. The environment is highly collaborative and they are able to offer excellent career opportunities. Those who have completed an internship with a focus on risk management, or including a rotation, will be considered;

Reporting to the Operational Risk Manager, you will be responsible for supporting the Operational Risk Manager in managing the operational risk for all regulated entities in line with the Group's Risk Management Framework.

  • To assist with the maintenance of the risk register for all entities;
  • To support the Operational Risk Manager in the reporting of operational risk to the relevant committees;
  • To ensure timely annual review of all risk policies in line with the agreed timetable;
  • To assist in the recording, monitoring and investigation of risk events / incidents;
  • To support the production of the monthly risk assessment reports for the Operational Risk Working Group;
  • To provide support in secretarial duties for the committees involved in management of operational risk;
  • To provide support for the Operational Risk manager for all Business Continuity tasks;
  • To assist in monitoring performance and follow up of the Risk teams financial controls;
  • To support operational risk analysis in line with the Operational Risk Framework e.g. thematic reviews and validation of operational risk;
  • To undertake any ad hoc duties as necessary, such as data inputting, collating information and producing reports;
  • To establish and maintain effective working relationships across the risk management team and across other internal departments.

Those who have completed an internship with a focus on risk management, or including a rotation, will be considered. The ideal candidate will be naturally inquisitive, numerate and analytical, with an attention to detail and meet the following criteria:

  • Up to 3 years of experience in the relevant industry;
  • Previous risk management experience gained within the general insurance sector is desired, along with any progress towards CII or IRM certification;
  • Some knowledge of risk management tools and disciplines;
  • The ability to challenge and question established practices and contribute to the development of new processes, as necessary with input from management;
  • Candidate must be highly organised and able to multi-task;
  • Good communication skills with the ability to establish and maintain effective working relationships;
  • Excellent IT skills, in particular an advanced level of MS Excel, Word and PowerPoint.